In the best case scenario in 2020, which is defined as a two month duration of travel bans and a sharp decline in domestic demand, the monetary loss of global Gross Domestic Product (GDP) is expected to be about 76.7 billion U.S. dollars due to the coronavirus (COVID-19) outbreak. In a worse case scenario, defined as a six month duration of travel bans, the global GDP is predicted to lose about 346.98 billion U.S. dollars.
Forecasted monetary global Gross Domestic Product (GDP) loss as a result of COVID-19 in 2020, by scenario
Characteristic
Gross Domestic Product loss in million U.S. dollars
The source defines the scenarios as follows:
Best case: 2 month duration of travel bans and sharp decline in domestic demand.
Moderate case: 3 month duration of travel bans and sharp decline in domestic demand.
Worse case: 6 month duration of travel bans and sharp decline in domestic demand.
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Asian Development Bank. (March 6, 2020). Forecasted monetary global Gross Domestic Product (GDP) loss as a result of COVID-19 in 2020, by scenario [Graph]. In Statista. Retrieved December 03, 2024, from https://www.statista.com/statistics/1102971/covid-19-monetary-global-gdp-loss-scenario/
Asian Development Bank. "Forecasted monetary global Gross Domestic Product (GDP) loss as a result of COVID-19 in 2020, by scenario." Chart. March 6, 2020. Statista. Accessed December 03, 2024. https://www.statista.com/statistics/1102971/covid-19-monetary-global-gdp-loss-scenario/
Asian Development Bank. (2020). Forecasted monetary global Gross Domestic Product (GDP) loss as a result of COVID-19 in 2020, by scenario. Statista. Statista Inc.. Accessed: December 03, 2024. https://www.statista.com/statistics/1102971/covid-19-monetary-global-gdp-loss-scenario/
Asian Development Bank. "Forecasted Monetary Global Gross Domestic Product (Gdp) Loss as a Result of Covid-19 in 2020, by Scenario." Statista, Statista Inc., 6 Mar 2020, https://www.statista.com/statistics/1102971/covid-19-monetary-global-gdp-loss-scenario/
Asian Development Bank, Forecasted monetary global Gross Domestic Product (GDP) loss as a result of COVID-19 in 2020, by scenario Statista, https://www.statista.com/statistics/1102971/covid-19-monetary-global-gdp-loss-scenario/ (last visited December 03, 2024)
Forecasted monetary global Gross Domestic Product (GDP) loss as a result of COVID-19 in 2020, by scenario [Graph], Asian Development Bank, March 6, 2020. [Online]. Available: https://www.statista.com/statistics/1102971/covid-19-monetary-global-gdp-loss-scenario/
